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20121225
20121225
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CBS
Dec 25, 2012 6:00am PST
the old fiscal cliff. this morning its appears democratic senate leader harry reid may take the lead in crafting a compromise to prevent tax hikes on at least the middle class which was the president's parting plea before going to hawaii. both reid and the president were in hawaii this weekend for the funeral of senator daniel inouye. >>> as the leaders try to come to some sort of agreement on capitol hill. local leaders are preparing the lose billions in dollarss. cbs 5 political insider phil matier now reports. >> reporter: the smiling san francisco mayor ed lee was one of the first officials show toe up at the an -- to show up at the annual lefty o'doul's toy drive. but they aren't going to get christmas cheer out of washington this year. not with the pending fiscal cliff and the threat of the $7.5 billion cut in nonentitled services. >> that fiscal cliff will hurt the city to the tune of almost $100 million right away. >> reporter: most of the cuts could be in health care, welfare programs for the poor, aids programs and housing. >> that's just an immediate hit. >> reporter: acro
CBS
Dec 25, 2012 4:00am PST
probably leads to even worse decisions in the futu and bay area leaders sound f on the fiscal cliff stalema. join us for cbs 5 eyewitness news this morning... beginn, >>> here's a look at today's forecast in some cities across the country. waernds, pbs, -- washington, d.c., partly sunny, 48. atlanta, rain, 60s. st. louis, mostly cloudy, 38. denver, morning snow, 25. seattle, rain, 40. >>> shoppers hitting the stores after christmas could find some amazing bargains. experts say post-christmas sales will likely have steeper discounts than in the past. the uncertain economy led holiday shoppers to spend less than usual. so some stores could cut prices by as much as 80%. >>> in celebrations across spain this christmas after a jackpot-busting $3.3 billion lottery. as barry peterson reports, unlike lotteries in the united states, spain spreads the wealth. >> reporter: they won it in the lottery called el gordo. translation, "the fat one." numbers tumbled in machines that look a lot like some sort of imaginary rocket ship. [ cheers ] >> reporter: there was plenty of imagining by people in the audience looking for an extra christmas present. it represents
CNN
Dec 25, 2012 4:00am PST
with, you know, the whole idea of saving. we've been talking all morning about the fiscal cliff coming and the poll says people are finding ways to shop smart. 36% used an online promo code and 20% used in-store coupons. is that typical or do you see a rise? >> we're definitely seeing a rise. every year customers are becoming more savvy and people are concerned about their budgets so we're encouraged to see those stats there. i also read a survey from bank rate recently that said that 30% of people in anticipation of the fiscal cliff were cutting back on their holiday shopping. i think it will be really interesting to see how the numbers play out once the holiday is over. >> very interesting. i want to ask you about gift cards, because it used to be a little bit goesh or a little weird to get somebody a gift card because they know how much you spent. you say 86% of people say gift cards are acceptable. the problem is that people height not use them, right? >> yes. we did find that 1 in 4 people leave a balance on their gift cards and i think it's really important to remember that, you
CBS
Dec 25, 2012 4:30am PST
going to go to lawrence first? we're just going to jump it. >> we've got grinches. >> fiscal cliff is not far om
ABC
Dec 25, 2012 6:00am PST
years going to put us in recession, regardless of the fiscal cliff. >> glover for questions made the comments yesterday on cnn if a -- grover norquist made the comments yesterday on cnn. >>> new this morning, 7-eleven trying to get healthier. the chain is in the process of introducing more nutritious items. that includes yogurt parfaits and lean turkey sandwiches. 7-eleven wants 20% sales to come from fresh foods byb7ñ the end of 2015. also retooling old favorites. jelly doughnuts sold in miniature versions. >>> that ipad under your tree may already be out-of-date. a japanese tech blog reports a new version of the popular tablet will hit stores in march, the blog says the new ipad will be thinner and lighter than the last, possibly as thin as the ipad mini. >> here's bloomberg reporter deborah costra. >>> good morning. merry christmas if you want to keep holidays merry and avoid unexpected medical bills remove all medications from cabinets into a secure area to protect loved ones who might be visiting, they can be taken by mistake or worse. more than half of the people addicted to prescription drugs got them from family and families and unfortunately, for free. meantime, ups taking a break
CNN
Dec 25, 2012 2:00am PST
fiscal cliff, tax hikes for all americans and spending cuts that could pull the economy back into recession. ho, ho, ho. that makes everybody happy on christmas morning. president obama spent christmas eve playing a round of golf with friends and the democratic senate looks like the only hope for crushing the deadlock. our white house correspondent brianna keilar maybe with a little bit of news which is pathetic because it's talks within the democratic party, but at least they are talking. >> reporter: that's right. is it really news that democrats are talking? that's all the news we have to report as of today. i know i feel a little bit like a grinch reporting this, but the white house is in talks with senate democrats. that's not really surprising as we look to the senate to be the next -- really the next ones to act on this when they reconvene on the 27th. right now it's really up to senate majority leader harry reid to try to cobble something together that can get some republican support in the senate and the house to avoid the fiscal cliff. we are one week away from it, as you mentioned, and republicans are not even part of the discussions, both in the sen
CSPAN
Dec 25, 2012 7:00am EST
. a couple of stories related to the fiscal cliff. from "thew bid frittle bit washington times." this is ron from louisiana. caller: good morning. host: who wish to nominate? -- who would you'll nominate? caller: obama. host: what makes him your hero? caller: we were on a major slide when he came into office. he save the automobile and got osama bin laden. he did everything even though the gop did nothing but filibuster. every proposal he has made. the economy is still growing even though everything that has been put against him. host: are there other heroes you look to beside the president? caller: this year i believe he should be the star for what he has gone up against. he was trying to do a reasonable -- get a compromise and the gop was saying their way or nothing . it is costing the nation. host: thank you very much. this comes from twitter. host: i next call is on the independent line. good morning. caller: the bartender that took the videotape of mr. romney talking about the 47%. he showed an insight into the candidate. host: why is he a hero? caller: he had the courage to share with others. host: anybody else in congress or i
CBS
Dec 24, 2012 6:00pm PST
cliff? as the leaders on capitol hill try to agree, locals say they are prepared to lose billions. >> locals are brace -- brace for the possibility of cuts. here is the story. >> this morning a smiling san pan mayor ed lee was one of the first officials to show up at the annual toy drive. but it doesn't look like american cities or counties will get a lot of cheer out of washington with the pending fiscal cliff and the threat of $7.5 billion in cuts. >> most of the cuts would be in health care, welfare programs for the poor, housing. >> across the bay alameda could bety supervisor predicted. >> our wic program which is a program for mothers to get nutrition for their newborn babies, that would experience a large cut. >> education would also take a hit. >> this would undo a lot of the good of the extra taxes carolinianstns are willing to invest. particularly special needs would have cuts as much as 10 10%. also, the meals program. >> it is not just the immediate cuts that worries the local officials. it is also the on going uncertainty that comes from the stalemate in washington, a stalemate that bay area officials fear could affect the economy just when it is starting to rec
CNN
Dec 25, 2012 6:00am PST
fiscal cliff, how will it affect you from your paycheck to your retirement accounts? we're going to give you all the tips you need to protect yourself. here to do that this morning is ry ryan mac, president of opt middle school management. >> kudos for being able to pronounce that honolulu merry christmas saying. >> i don't think i can do it again. ahah! let's start with your paycheck as it applies to the fiscal cliff. if we go off the fiscal live how will mooirn and everybody's paycheck be affected? the majority of the paycheck won't be afeektded until 2014 when people file for 2013 stackses. there are certain things that are impacted right away like the payroll tax cut. for individuals earning about $50,000 a year, they'll be having to pay about $85 less because of the payroll tax cut will be expiring so that will be, again, almost $90 a month that will mere live come into play but the majority of the individuals when 2014, when they file their taxes they might be in for a surprise if we don't get to a deal quickly. >> what do people need to do to prepare themselves? >> well, essentially what we have to understand is that let congress deal with this fiscal cliff
Search Results 0 to 8 of about 9